Analyst: Bitcoin's upside potential appears to outweigh short-term downside risks
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Odaily Odaily BRN analyst Valentin Fournier said, "Bitcoin's rally has paused. We believe this indicates that large investors may be taking profits, which may lead to a short-term correction, and then the price will resume its upward momentum." Fournier said that future events and technical indicators may hint at a potential reversal in prices. "At present, the upside potential seems to be greater than the short-term downside risk. However, if the CPI data to be released today exceeds expectations, it may trigger market volatility." (The Block)
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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